Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land in Talking Rock, GA Title is generated by Realmo AI

    LOT 56 High Summit DR, Talking Rock, GA 30175

    View on Map
    Claim this Listing
    For Sale
    $290,000

    Land for sale in a gated community near wineries.

    Type:Land
    Added:
    Jul 1, 2024
    Days on Market:
    706
    Last Refresh:
    Mar 16 at 8:26 am

    Property Features for LOT 56 High Summit DR

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Toby Kreiselmaier
    Toby Kreiselmaier

    Listing agent Toby Kreiselmaier License #425566

    Listing office REMAX Town & Country

    Listing date Jul 1, 2024

    Source Evrealestate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of REMAX Town & Country

    HighLights

    • Mountain views
    • Located in Gilmer County
    • Lot is marked with the lot number
    • Community gate for added security
    • Mail center access within the community
    • Close proximity to 7 wineries

    Overview

    Located in Talking Rock, GA, this land is situated within a gated community. The property is identified as Lot 56 on High Summit Drive. To reach the property from Walmart in Ellijay, take Highland Parkway/Eller Road for 1.1 miles, then turn right onto Yukon Road. After 4.5 miles, turn left onto Orchard Lane, pass Chateau Meichtry after 2.1 miles, and turn right onto Pleasant Valley Road, followed by a left onto Old Teems Road, passing the mail center and the community gate. Take High Summit Road as the second left and continue for approximately 0.5 miles until the lot, marked with its number, is visible on the left. There are seven wineries located nearby.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hotel & Motel Gym & Fitness Center Skin Care Clinic Food Market Storage Facility Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Talking Rock
    County
    Pickens
    State
    Georgia
    Longitude
    -84.4928
    Latitude
    34.5554

    Nearby Similar for Sale

    • $2,195,000
      3,300 SF

      Talking Rock Barndominium and Land

      Unique 25-acre property with potential for various uses.
      119 Inland Drive, Talking Rock, GA 30175
      View Details
    • $599,900
      2,444 SF

      Highway Frontage Land with Building

      Versatile land with highway and creek frontage in Talking Rock.
      4645 Highway 136 W, Talking Rock, GA 30175
      View Details
    • $2,225,000
      3,300 SF

      Talking Rock Land with Winery

      25.6 acres with a 3,300+ sq ft building.
      119 Inland Drive, Talking Rock, GA 30175
      View Details
    • $2,225,000
      3,348 SF

      Talking Rock Farm with Winery

      25.6-acre farm with a 3,300+ sq ft building.
      119 Inland Drive, Talking Rock, GA 30175
      View Details
    • $786,800

      22.48 Acres Commercial Land

      22.48 acres zoned Neighborhood Commercial in Talking Rock, Georgia.
      0 Antioch Church Road, Talking Rock, GA 30175
      View Details
    • $2,376,550

      Talking Rock Development Land

      86.42 acres of zoned neighborhood commercial land.
      00 Antioch Church Road, Talking Rock, GA 30175
      View Details
    • $1,250,000

      Picturesque Campground in North Georgia

      3-acre campground investment opportunity in the North Georgia Mountains.
      47 Carns Mill Road, Talking Rock, GA 30175
      View Details
    • $225,000

      Vacant Homesite with View Improvements

      Elevated 1.53-acre homesite in R1 zoning with graded driveway, parking pad, walkway, and underground utilities.
      Lot 108 Twisted Oak Road, Talking Rock, GA 30175
      View Details
    • $185,854

      Creekfront Acres in Gated Community

      4.06 acres with 1,000+ feet of creek frontage.
      Lot 90r Mountain Creek Hollow Drive, Talking Rock, GA 30175
      View Details
    • $325,000

      Talking Rock Acreage with Road Frontage

      16.62 acres with road frontage near Carters Lake.
      Hwy 136, Talking Rock, GA 30175
      View Details
    • $225,000

      Private Acreage with Creek Frontage

      Secluded 11.31-acre tract with creek, ideal for recreation.
      Hwy 136, Talking Rock, GA 30175
      View Details
    • $298,000

      Talking Rock Vacant Land Retreat

      5-acre lot in Talking Rock with sunset views.
      119 Inland Drive, Talking Rock, GA 30175
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale in a gated community near wineries.
    Where is this land located?
    The property is located at LOT 56 High Summit DR Talking Rock, GA.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: Mountain views; Located in Gilmer County; Lot is marked with the lot number
    (706) 478-7133
    We can help!
    Listing Contact
    Toby Kreiselmaier
    Toby Kreiselmaier
    Real Estate License ID: 425566
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    LOT 56 High Summit DR, Talking Rock, GA 30175
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!